$INTC TOP 20
Added 2024-08-04 18:38:15 +0000 UTCA truly awful week for $INTC and one I suspect they will want to forget in a hurry.
They threw the kitchen sink at this report and released all of the bad news, including cutting their dividend, which the market hates to hear and laying off jobs, which is a signal that growth is not a priority.
The price finally dropped into the Buy Zone this week which is something we have monitored for 2 years as a possibility.
$INTC, is like $NKE and $DIS, it is a good company that will be around for a long time but there is no rush to add here, you want to see support held and strength built back up, I do not expect a V shaped recovery here, I still prefer $AMD to $INTC.
Comments
Should have looked back at earlier graphs! I was even given an out at 7% profit but now I’m in the Mariana Trench. Hopefully at the deepest point but I expect there’ll be a long and boring journey back up to the surface!
Nick E
2024-08-04 18:45:37 +0000 UTC
